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keel
Ledger
64,752,678
Methodology
1.0.8-draft
Age
7s

XAU against USDC — what depth stands behind this price?

All assets

XAU / USDC

GBCB…LXAU

Risk band

Critical

partial confidence

A floor: the real band can only be worse.

Max safe collateral
12.60 USDC (shortened; full value 12.6084616000026176606 USDC)Limited by manipulation cost
Depth within 5%
buy68.14 USDC (shortened; full value 68.1431231595734517478375923908 USDC)sell24.82 USDC (shortened; full value 24.8261098449909123476248698402882915626527330284 USDC)
Cost to move +50%
50.43 USDC (shortened; full value 50.4338464000104706424 USDC)Reachable through the order book
Checks
2 triggered3 not evaluated

History

Window
Resolution
Source

Price

The midpoint the engine read at each scan. It says what the market quotes, not what it can absorb.

Higher at the end of the window than at its start

Lowest
0.00000208 USDC (shortened; full value 0.0000020864633501 USDC)
Highest
0.00000305 USDC (shortened; full value 0.000003050516252 USDC)
2026-09-11T17:48:29Z — 2026-10-02T10:09:32Z
Mid price
0.00000300 USDC (shortened; full value 0.00000300906395995 USDC)
498 readings from horizon, with no gaps reported. One source per chart.

Checks

What fires now, how long it has been firing across the window above, and what could not run.
Cheap to move the pricenowMANIPULATION_CHEAPthroughout
Thin depth at 5%nowTHIN_DEPTH_5PCTthroughout
Cheap next to real tradingMANIPULATION_RATIO_LOW193 of 498
Nothing tradable within 2%ZERO_DEPTH_2PCT125 of 498

Not evaluated3

  • No genuine trade in 30 days
  • No genuine trade in 7 days
  • Volume may be wash traded

Evidence

The figures behind the verdict, as the engine served them.

Concentration and wash trading bound how much of the depth is real.

Largest holder
20.9741 % (shortened; full value 20.97417906451158010368221014 %)
Top ten holders
68.3711 % (shortened; full value 68.37115986131018636562015879 %)
Concentration index
878.80 (shortened; full value 878.8047089000480735423611749461279575438572044757370617)

Herfindahl–Hirschman, over the holder distribution

Volume excluded as not genuine
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Volume to supply, 30 day
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used

Last genuine trade
not computed

the newest trade reading is anchored more than 48h0m0s ago, so it was not used